Crypto Market Capitalization Reaches US$3.29 Trillion, Surpassing Apple-NVIDIA Overall crypto market capitalization reached US$3.29 trillion on Tuesday (13/05), surpassing Apple's US$3.1 trillion and NVIDIA's US$3 trillion. Not only market capitalization, but several tokens also experienced significant surges.
Bitcoin managed to reclaim the US$100 thousand level, and a significant increase was also seen in Ether, the second-largest crypto, which surged 36% in the last 7 days. What caused this?
This surge could occur due to various factors, such as: The entry of institutional investors into the crypto market. Adoption of blockchain technology by large companies. Optimism following the Bitcoin Halving (the last one occurred in April 2024).
Positive sentiment in the global market and the weakening of the US dollar.
